NIMBYism making it extremely difficult and expensive to build supply as is needed.
in 1946 the US had a population of 141M and built 700k housing units
in 2024 the US had a population of 336M and built 90k housing units
in 1946 the US had a population of 141M and built 700k housing units
in 2024 the US had a population of 336M and built 90k housing units
>The United States has added almost 5 million housing units since 2020, most heavily in the South and most of them single-family homes, making a housing shortage look conquerable in much of the nation.
https://washingtonstatestandard.com/2024/05/16/housing-boom-....
I think the year after the second world war ended at which point marriages, and therefore household formation, went to unprecedented levels introduces a lot of noise into that signal
That was one month’s worth. There were ~1.5 million built in 2024 in the US.
Only in some areas. There are other factors affecting how expensive houses are across the country, such as materials/labor, preferences for larger/fancier houses, location preference, and increasingly complex/expensive code.
And more space per person, so older houses now house far fewer than they used to. US has more bedrooms without an occupant than ever.
https://www.nytimes.com/2025/01/09/realestate/empty-bedrooms...